Panama: New Law Offers a Liechtenstein‐Style Foundation

Abstract

There is fierce competition between offshore financial centres with the effect that new instruments are being developed to keep at the forefront. Rather unorthodox solutions are sometimes offered. A good example is Law No. 25. This new juridical entity is structured as a Liechtenstein Foundation. Panama is a common law country where trusts are used for more or less the same purpose. So, why introduce an alien civil law structure?

Citation

Oberg, C. (1997), "Panama: New Law Offers a Liechtenstein‐Style Foundation", Journal of Financial Crime, Vol. 4 No. 3, pp. 263-264. https://doi.org/10.1108/eb025792